I would however haven been cautious when price reversed hard back up the breakout bar highs from the higher daily DP.
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- #4,770
- Apr 18, 2013 11:46am Apr 18, 2013 11:46am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Sold EJ @ 128.10 and closed 2/3 @ 127.60 for +100 pips. SL to BE+1. {image}
Nice trade.
I had a PO on the supply zone on the 30mins, and missed it by 0.2pips. I need to learn to let go of these missed turning points, and find a way to join in the move.
Good job!
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #4,771
- Apr 18, 2013 3:20pm Apr 18, 2013 3:20pm
Hey Sang. Plodding along with the trading. Yeah, the news coming out from N.Korea isn't exactly optimistic. A few charts I'm interested in (I know, it's no EU, FTSE or DAX) {image} {image} {image} {image}
Couldn't see much value in NZDCAD, not much of a long term trader. Took GCHF and EGBP instead, one on touch other on PA. {image} {image}
I took the same GBPCHF trade. I'm now waiting for the Supply to be consumed and for price to enter up in that CP up into my TP
I don't need easy. I just need possible.
- #4,775
- Apr 19, 2013 12:45am Apr 19, 2013 12:45am
- Joined Mar 2010 | Status: Trader | 1,635 Posts
Hey Mark. I've put heaps of trash (more than 1,000) into your thread. 
- #4,776
- Apr 19, 2013 1:00am Apr 19, 2013 1:00am
- | Commercial User | Joined Feb 2008 | 4,633 Posts
Hey Mark. I've put heaps of trash (more than 1,000) into your thread.
- #4,777
- Apr 19, 2013 1:17am Apr 19, 2013 1:17am
- Joined Mar 2010 | Status: Trader | 1,635 Posts
GA 15M {image}
- #4,778
- Apr 19, 2013 4:52am Apr 19, 2013 4:52am
... I'm now waiting for the Supply to be consumed and for price to enter up in that CP up into my TP
I was only looking for the FTB on the ignored supply, didn't take into account the CP and the clear way this means towards the upper zone after supply consumption.
Your single line of comment is another lightbulb for me.
Hi DGB, I was only looking for the FTB on the ignored supply, didn't take into account the CP and the clear way this means towards the upper zone after supply consumption. Your single line of comment is another lightbulb for me.
I don't need easy. I just need possible.
- #4,780
- Edited 9:12am Apr 19, 2013 9:00am | Edited 9:12am
- | Joined Sep 2011 | Status: Hybrid | 413 Posts
I tried to enter long on GBPCHF again using a M5 entry based off the Supply->Demand shift on H1/H4 from the previous post.
Reasoning: M15 LS into S->D flip + FB of a clear M5 range. Entry on the retrace to the FB level (+spread) .
Post trade thoughts, which should have been PRE trade thoughts:
1) We were coming from a H1 rejection bar off H4/H1 Supply. That bar proved to be true rejection rather than Supply Consumption the next bearish bar.
2) On LTF (M5) , there wasn't anything really to tell me to go long, besides the FB reaction. It also pinched the M5 supply instead of engulfing it (Basically we have a strong move down, a consolidation, a FB and a retrace that does NOT take out the supply).
I do this all the time unfortunately ... Should have waited for this scenario to happen and not rush in and HOPE that the resistance/supply gets broken for a further move up. (Even with the wishful entry, the lack of the strong FB reaction like continuation up move should have told me to cut the trade short for a smaller loss).
Any thoughts welcome .
Reasoning: M15 LS into S->D flip + FB of a clear M5 range. Entry on the retrace to the FB level (+spread) .
Post trade thoughts, which should have been PRE trade thoughts:
1) We were coming from a H1 rejection bar off H4/H1 Supply. That bar proved to be true rejection rather than Supply Consumption the next bearish bar.
2) On LTF (M5) , there wasn't anything really to tell me to go long, besides the FB reaction. It also pinched the M5 supply instead of engulfing it (Basically we have a strong move down, a consolidation, a FB and a retrace that does NOT take out the supply).
I do this all the time unfortunately ... Should have waited for this scenario to happen and not rush in and HOPE that the resistance/supply gets broken for a further move up. (Even with the wishful entry, the lack of the strong FB reaction like continuation up move should have told me to cut the trade short for a smaller loss).
Any thoughts welcome .
I don't need easy. I just need possible.